The Mosaic Company (MOS)
Financial leverage ratio
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 22,924,000 | 23,291,700 | 22,566,500 | 22,873,000 | 23,032,800 | 22,654,400 | 23,140,200 | 22,857,500 | 23,386,000 | 23,437,600 | 23,985,600 | 23,423,100 | 22,036,400 | 21,081,500 | 21,473,500 | 19,902,100 | 19,789,800 | 18,851,600 | 19,020,600 | 18,975,500 |
| Total stockholders’ equity | US$ in thousands | 11,482,400 | 11,808,600 | 11,680,600 | 12,018,900 | 12,290,200 | 12,050,300 | 12,405,000 | 11,893,800 | 12,054,600 | 11,580,600 | 11,751,300 | 11,638,400 | 10,604,100 | 10,420,400 | 10,338,000 | 9,624,200 | 9,581,400 | 8,532,800 | 8,493,000 | 8,386,200 |
| Financial leverage ratio | 2.00 | 1.97 | 1.93 | 1.90 | 1.87 | 1.88 | 1.87 | 1.92 | 1.94 | 2.02 | 2.04 | 2.01 | 2.08 | 2.02 | 2.08 | 2.07 | 2.07 | 2.21 | 2.24 | 2.26 |
December 31, 2024 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $22,924,000K ÷ $11,482,400K
= 2.00
The financial leverage ratio of The Mosaic Company has shown a declining trend from 2.26 as of March 31, 2020, to 2.00 as of December 31, 2024. This indicates that the company has been reducing its reliance on debt to finance its operations over the period. The ratio peaked at 2.26 in March 2020 but has since gradually decreased, reaching a low of 1.87 in both March and December 31, 2023.
Overall, a lower financial leverage ratio suggests that the company is becoming less dependent on debt financing, which can be seen as a positive sign of improved financial stability and lower risk. However, it is essential to consider other factors such as profitability and cash flow alongside the leverage ratio to assess the overall financial health of the company accurately.
Peer comparison
Dec 31, 2024